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Real Estate Sales The third wave of moves to private and semi-open neighborhoods is still active: where to find cheap lots in the GBA - Infobae

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The third wave of moves to private and semi-open neighborhoods is still active: where to find cheap lots in the GBA - Infobae
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September 20, 2024

There are proposals that tempt young demand, especially those who want to stop renting. They choose to first buy the land and, within a period of 12 months, start building the house. Prices



By Jose Luis Cieri





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View of La Vikkina, near Berazategui. Those who buy a plot of land have a good period of time to build later in both private and semi-open neighborhoods.

Finding options to buy cheap lots and then build in private or semi-private neighborhoods is possible. Currently, there are several proposals that start at USD 17,000, attracting the interest of young families and are becoming the main drivers of the third wave of urbanizations in Greater Buenos Aires (GBA), a phenomenon that has been intensifying for the past four years.



The possibility of working remotely and stopping renting is tempting those who are promoting land purchase operations in the northern, western and southern corridors.






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Bell Barri, in Canning, one of the most sought-after areas between the south and west of the GBA

Regarding the purchase of a plot, for example in Bell Barri, in Canning, and the time available for building once acquired, Mazzei pointed out: “The first years of a real estate development are focused on facilitating the consolidation of the neighbourhoods without imposing penalties for delays in construction.”

This allows buyers to plan their investment without the pressure of immediate deadlines, making it easier to decide to build at their own pace while the development grows.



The deadlines for building depend on the infrastructure works and the developer's policies, so it is key to review the contract.


As for financing facilities, buyers of land in gated communities typically make a down payment and adhere to an established payment plan.

Looking south

Within the project, the size of the plot, the orientation and the proximity to entrances or amenities also influence the price. Plots with a favourable orientation or closer to common areas usually have a higher value than those with fewer strategic advantages.

Ignacio O'Keefe , director of Inmobiliaria O'Keefe, said that "the most expensive plots of land are those with lakes, golf courses or polo fields in the background, while the perimeter lots are generally the most affordable."





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In addition, real estate market trends and the perception of the value of the area influence the valuation of land for sale.

In the case of Aires de Hudson, a gated community, prices vary considerably depending on these characteristics, but typical financing includes a 40% down payment, two 10% down payments and the balance in 36 installments. For more affordable neighborhoods, such as Los Arces, land starts at lower prices and a shorter payment plan of 24 installments is offered.

In neighborhoods like La Vikkina, located in Berazategui, lots between 300 and 540 m2 start at USD 23,500, an attractive option for those looking for a natural environment without the financial burden of more exclusive gated communities. This semi-open proposal gained popularity for its limited expenses, which currently range around $50,000 per month due to the hiring of private security by the neighbors.

O'Keefe also noted that "buyers of land in gated communities generally have no additional requirements beyond making the down payment and then complying with the installment plan."

At La Vikkina, for example, delivery is immediate and there is no deadline to begin construction, but buyers have defined deadlines once work begins to ensure that no projects are left unfinished.

North

The value of land in urbanizations in the GBA is also strongly influenced by two main factors: the country's economic situation, which affects supply and demand, and the construction requirements of the municipalities.

A neighborhood with asphalt, curbs and underground electricity is not the same as one with improved streets and overhead power lines. These elements generate significant differences in development costs, which is reflected in the final price of the lots.





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The differences in land prices within the same neighborhood are notable, especially between lots with a back to recreational spaces and those located in perimeter areas.

Joaquín Tonnelier , from Viñas Tonnelier Desarrollos, stressed that “demand for wooded land or land with outstanding characteristics remains high, which contributes to this variability in prices. In addition, several projects offer affordable financing options, with low down payments or even no down payments, and installments that can extend up to 84 months, both in dollars and in pesos adjusted by the CAC (Argentine Chamber of Construction) index.”

In terms of timelines for starting construction, open-plan neighborhoods, such as those developed by Tonnelier, have one advantage: they do not impose strict deadlines for starting construction, allowing homeowners to plan without financial pressure.

“Recent studies indicate that at least 30% of owners start construction in the first year of ownership, and in 4 or 5 years, between 80% and 90% of the neighborhood is built. This process depends largely on the agility of the municipalities in approving plans and collaborating with the professionals involved in the works,” added Tonnelier.

A clear example of this trend is the El Lazo neighborhood, 2,000 meters from the entrance to Capilla del Señor with lots from approximately USD 25,000 to USD 32,000.





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El Lazo is closely connected to Capilla del Señor, one of the most historic towns in the province of Buenos Aires.

Another semi-open proposal is Saint Francis, also in Capilla del Señor, where 1,500 m2 plots start at USD 20,000; Tonnelier also highlights that exclusive plots of up to 8,700 m2 will be launched, with stables and a unique natural environment," said Tonnelier.

Pilar, always

In the heart of Pilar, you will find Pueblo Cardano. Located just 500 meters from Barrio Cardano. This new development covers 33 hectares on Route 28, km 8, 15 minutes from Panamericana. It has lots ranging from 750 to 1,200 m2 and prices starting from USD 38,800, including paved streets, natural gas, fiber optics, and a sports area.

Mariano Braun , director of Micelio Desarrollos (which is undertaking the project), said: “Pueblo Cardano will have the addition of the Holy Cross school, an institution with a long history, which will be a key factor for the growth of the area.”





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Cardano village, in Pilar, will have its own school

In addition, financing facilities, with advances from 35% and up to 60 interest-free installments in dollars.

On the other hand, Haydée Burgueño , from the real estate agency of the same name and member of the Grupo Inmobiliario Norte, pointed out that “there are some semi-open options in pesos such as the Parque Los Olmos neighborhood, with lots that start at $28,300,000 on Route 192 and 100 meters from Route 8, with 300 m2 plots, with a 30% down payment and balance up to 84 installments.”

From USD 25,000 to USD 30,000 and up there are more possibilities in the vicinity of this GBA North match.

Among the new developments is La Posta de Pilar, the first orchard neighborhood in the area, developed by JPU Urruti. With a 27-hectare plot, it has 325 lots with an average of 410 m2, ranging from USD 25,800 and up.

The project has an agroecological approach, with a 4.4 hectare biopark, with a community garden and a fruit forest, promoting the cultivation of own food.

Jeannine Acuña , commercial manager of JPU Urruti, concluded: “The changes in lifestyles in recent years led to the development of one of the first agroecological neighbourhoods in the province. The first lots will be delivered in 2025.”


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